Light Crude Oil Futures (CL1!) on the NYMEX struggle

9월 20일

1. Price Movement
   Current Price: The current price is $71.00, showing a recent increase of $2.35 (3.42%).
   Trend: The price has been fluctuating within a range, marked by a purple rectangle, indicating consolidation between approximately $60 and $80.
   
2. Volume
   Current Volume: 1.45 million, suggesting moderate trading activity.
   Historical Performance
   The table below the chart shows monthly percentage changes from 2013 to 2024.
   
3. Seasonality:
   March and April tend to have positive returns historically, with April showing an average increase of 4.38%.
   October and November often exhibit negative returns, with October averaging a decrease of 2.18%.
   
4. Technical Indicators
   The chart includes several annotations indicating significant price changes over time.
   Resistance and Support Levels:
   Resistance appears around $80.
   Support is near $60, as indicated by the lower boundary of the consolidation range.
   
5. Conclusion
   

The chart suggests that crude oil prices are in a consolidation phase. Traders might look for a breakout above $80 for bullish confirmation or a breakdown below $60 for bearish signals. Historical data indicates potential seasonal trends that could influence future price movements.